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Figures from the previous quarter show that capital gains for real estate buyers in WRIGHT are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $660 based on current median home prices for the suburb.
On average, rents on listings have reached the $660 mark, reflecting a 4.16% increase in returns based on the current median price in WRIGHT.
WRIGHT, 2611 ranks 76th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 39th on the list of best yielding suburbs for rental properties in ACT, posting a 4.16% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $825,000 | $403,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.13% | 0.88% |
| Median 12 month | -5.71% | -4.73% |
| Median 3 years | 1.85% | -0.49% |
| Median 5 years | 58.67% | 6.62% |
| 10 years average annual | 7.39% | -1.86% |
| Weekly media advert. rent | $660 | $460 |
| Time on Market | 89.2 days | 83.1 days |
| Gross Rental Yield Percent | 4.16% | 5.94% |
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